Thrivent Financial For Lutherans Sells 70,381 Shares of Illinois Tool Works Inc. (ITW)

Thrivent Financial For Lutherans cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 84.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,537 shares of the industrial products company’s stock after selling 70,381 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Illinois Tool Works were worth $2,092,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ITW. American Century Companies Inc. bought a new position in shares of Illinois Tool Works during the third quarter valued at approximately $1,480,000. Swiss National Bank grew its holdings in Illinois Tool Works by 0.6% in the 3rd quarter. Swiss National Bank now owns 1,146,406 shares of the industrial products company’s stock worth $169,622,000 after buying an additional 6,800 shares in the last quarter. Telemus Capital LLC grew its holdings in Illinois Tool Works by 37.6% in the 3rd quarter. Telemus Capital LLC now owns 2,054 shares of the industrial products company’s stock worth $304,000 after buying an additional 561 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Illinois Tool Works by 8.4% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 8,915 shares of the industrial products company’s stock worth $1,319,000 after buying an additional 690 shares in the last quarter. Finally, Smithfield Trust Co. grew its holdings in Illinois Tool Works by 7.4% in the 3rd quarter. Smithfield Trust Co. now owns 7,250 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 500 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

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In other Illinois Tool Works news, insider Sundaram Nagarajan sold 18,650 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $178.00, for a total value of $3,319,700.00. Following the completion of the sale, the insider now directly owns 42,497 shares in the company, valued at $7,564,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

ITW has been the subject of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $190.00 price objective on shares of Illinois Tool Works in a report on Wednesday, November 29th. Wells Fargo set a $190.00 price objective on Illinois Tool Works and gave the stock a “buy” rating in a report on Monday, December 4th. Robert W. Baird reissued a “hold” rating and issued a $160.00 price objective on shares of Illinois Tool Works in a report on Sunday, December 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $166.00 price objective on shares of Illinois Tool Works in a report on Tuesday, December 5th. Finally, BMO Capital Markets increased their price objective on Illinois Tool Works to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Illinois Tool Works presently has an average rating of “Hold” and an average price target of $177.18.

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at $167.63 on Tuesday. The firm has a market capitalization of $58,390.65, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 52-week low of $129.17 and a 52-week high of $179.07.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.54 billion. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. equities analysts predict that Illinois Tool Works Inc. will post 7.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Friday, March 30th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.86%. Illinois Tool Works’s dividend payout ratio (DPR) is 64.20%.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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